Platinum Price Tests Resistance – Analysis – March 5, 2024

by Jennifer

Platinum price concluded yesterday’s session by testing the additional resistance at 902.00, exhibiting signs of negative momentum as it edged below the MA55 and settled near 890.00.

These developments align with our bearish outlook for the upcoming period. Stochastic indicators show a growing negative momentum, approaching the 50 level, intensifying the downward pressures. The anticipated target is set at 882.00, with a subsequent attempt to breach the 875.00 support line to pave the way for a resumption of the decline in the near future.


The expected trading range for today is anticipated to fluctuate between 895.00 and 875.00.


Expected Trend for Today: Bearish

You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News